Mixed Use Commercial Property Financing
Loans and Lenders
Mixed-use
commercial usually contains a combination of a commercial building, most often
office or retail
space as well as residential living units or apartments. Many times the living
units are above the commercial space and sometimes the apartments are behind or
beside the commercial space. While mixed-use property financing loans are
inviting
to investment buyers or owners because of the commercial income that they generate,
lenders
are often wary if a high percentage of the property's total income is
generated by the commercial side rather than the residential side. We will
analyze your mixed-use property loans and
financing request for your commercial transaction and assist you in
arranging
it to maximum advantage in order to generate the widest possible acceptance among
lenders.
They may consist of
apartments and commercial retail stores or offices in the same building. Apartments with
a dance studio, fitness center or restaurant in the same building are other
examples.
Sometimes they're referred to as creative financing
mixed use loans due to the different types of funding resources available for
this property type. Many conventional
commercial lending sources all over the country will often turn down smaller amount requests. Often, the borrower's credit is good and
the property is sound. They just don't want to handle the smaller amounts. Because of this,
a lot of deserving business owners do not get necessary funding they need.
MFI will work with you to close that smaller
financing that others will not handle.
Funding is arranged through various commercial
lenders to provide the overall funds needed for a business to proceed with a
start-up, expansion or purchase. Amounts as low as $100,000 to $20 million
and up.
These properties
are qualified based on the income/expense ratio of the property and cannot
exceed 1.25% in most cases.
You can apply for
financing mixed use property loans online and get offers at competitive
interest rates and fees. If these properties are set up properly, they are
actually preferred over other types of commercial properties by many lenders.
Interest rates and fees
are but only two aspects of the many different concerns in obtaining financing
for these properties. Terms such as fixed or variable rates, short or long term
obligation, recourse or non-recourse, prepayment penalties, lockouts and other
important factors all play into your decision making process. We will help you
decipher all these things and arrive at a program that makes sense for your
particular qualifying situation.
We have
representatives that have years of
commercial lending experience. Weather you want to
refinance your investment for debt consolidation, purchase a new building or build an addition to you current
one, our
team will help you design a funding program that is right for you and your
organization's financial situation.
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Convenience Store Gas
Bed
Breakfast
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Carwash
Day Care Centers
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Restaurant Lounge Bar
Retail Strip Mall Center
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